Acclaimed homes in receivership
The award-winning, contemporary retirement development Pad 55 in Pickering is in the hands of the receivers.
The bespoke development of 15 apartments and townhouses was judged a huge success for its modern and eco-friendly approach, but the property crash struck a devastating blow.
As the market stagnated, developers persuaded planners to remove the over-55s restriction, but 14 of the homes are now being sold to the highest bidder through GVA Grimley on behalf of joint LPA receivers AD Rodger and RN Phillips. GVA say there is potential for change of use to holiday lets. For more details, contact John Leatham at GVA Grimley, tel: 0113 280 8084, www.gvagrimley.co.uk/ corporate-recovery-properties.